INVESTMENT LOAN
General Requirements:
- To have the management capacity and ability to use the loan in a profitable manner;
- Have uninterrupted operation of the business in the last 12 months;
- Have business profitability projection and calculation;
- Have special permits and licences nesessary for business operation;
- No past due or bad loans at other financial institutions.
Loan Terms and Conditions:
Loan Purpose | Maximum Loan amount (MNT) | Maximum Loan term (months) | Repayment options | Interest rate /monthly/ based on borrowers qualifications |
To buy a commercial real estate building | Bank own capital 20% up to | 120 mon | No principal payment for the first 12 months, equal monthly payments thereafter |
1.6-1.9% 19.2%-22.8% /Annually/ |
To renovate commercial purpose real estate | 60 | |||
To buy a commercial equipment and machinery | 500,000,000 | 60 | ||
To buy office furniture and equipment | 500,000,000 | 60 | Equal monthly payments |
Benefits:
- This loan can be approved for up to 2 billion MNT, even for first time borrowers.
- Business loans are now offered for 120 month period, which gives convenience and flexibility for business owners.
- No principal payment for the first 12 months of the loan tenure.
- Arig Bank's professional and experienced Care Advisors can give you an offer specially designed for you and your needs.
- The loan approval will take 8 working hours.
- You will not stand in long lines at Arig Bank, and our staff will greet and treat you like a guest at their home.
Required documentation:
- Handwritten letter of loan request/with a photo taken within the last 6/
- Filled out loan application form application form from Arig Bank
- Personal ID card or passport
- Document related to business
- Proof of residency
- Loan spending and profitability projection
- Real estate certificate /original copy/, official inquiry of other loans
- Other necessary documents for loan approval